Early Briefing and Review: Petroleo Brasileiro S.A. Petrobras, Hercules
Offshore Inc., Helmerich & Payne Inc., and W&T Offshore Inc.
LONDON, October 11, 2013
LONDON, October 11, 2013 /PRNewswire/ --
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On Thursday, October 10, 2013, all three benchmark indexes of the US equity
market rallied, with the S&P 500 and the Dow Jones Industrial Average gaining
2.18% each, and the NASDAQ Composite rising 2.26%. Shares in the oil and gas
drilling and exploration industry ended on a higher note, tracking gains in
the broader market. The major movers included Petroleo Brasileiro S.A. (NYSE:
PBR), Hercules Offshore Inc. (NASDAQ: HERO), Helmerich & Payne Inc. (NYSE:
HP), and W&T Offshore Inc. (NYSE: WTI). AAAResearchReports.com has released
free charting and technical research on these aforementioned companies.
Register to read these reports at:
On Thursday, shares in Petroleo Brasileiro S.A. edged higher to close at
$15.62, up 1.96% from the previous day's closing price of $15.32. The
company's shares oscillated between $15.50 and $15.73 during the trading
session. A total of 12.75 million shares were traded, which is below the daily
average volume of 17.01 million. The company's shares have gained 1.69% in the
last one month and 27.10% in the previous three months, outperforming the S&P
500, which has advanced 0.51% and 2.42% during the respective periods.
Furthermore, Petroleo Brasileiro S.A.'s stock is trading above its 50-day
moving average of $14.75. Sign up for free report on PBR at:
Hercules Offshore Inc.'s stock surged on Thursday, reversing all the losses
from the previous trading session. The company's shares closed the day at
$7.23, up 3.29%, after vacillating between $7.06 and $7.28 during the trading
session. A total of 2.40 million shares were traded, which is marginally above
the daily average volume of 2.35 million. Despite Thursday's gains, the
company's shares have fallen by 0.55% in the previous three trading sessions,
compared to a gain of 0.98% in the S&P 500 during the same period.
Additionally, Hercules Offshore Inc.'s stock is trading at par with its 50-day
moving average of $7.23 and above its 200-day moving average of $7.07. HERO
free technical report can be accessed by signing up at:
Shares in Helmerich & Payne Inc. gained 2.90% on Thursday, reversing all the
losses from the previous trading session. The company's shares traded between
$71.95 and $73.17 before closing the day at the intra-day high of $73.17. A
total of 1.26 million shares were traded, which is above the daily average
volume of 1.08 million. The company's shares have gained 10.66% in the last
one month and 13.28% in the previous three months, outperforming the S&P 500,
which has advanced 0.51% and 2.42% during the respective periods. Further,
Helmerich & Payne Inc.'s stock is trading near its 52-week high of $74.29 and
above its 50-day and 200-day moving averages of $67.17 and $63.52,
respectively. A free report on HP can be accessed by registering at:
On Thursday, W&T Offshore Inc.'s shares rallied to end the day at $18.46,
which is 5.19% higher than the previous day's closing price of $17.55. The
company's shares fluctuated between $17.72 and $18.56 during the trading
session. A total of 0.34 million shares were traded, which is below the daily
average volume of 0.56 million. W&T Offshore Inc.'s shares have advanced
10.87% in the last one month and 17.65% in the previous three months,
outperforming the S&P 500, which has advanced 0.51% and 2.42% during the
respective periods. Moreover, the company's stock is trading near its 52-week
high of $19.01 and above its 50-day and 200-day moving averages of $16.61 and
$15.49, respectively. Register with AAA Research Reports and download research
on WTI for free at:
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